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Investors & landlords
If you are asking if the depreciation on a rental owned by a married couple can be split between the two owners, yes, if the rental income is divided, all the expenses and depreciation would be divided the same way.
To do this in TurboTax would be difficult since depreciation is based on the value of the assets, such as the building.
To do this properly, the rental would need to be entered on each return and half of everything reported. The rental would be entered as having half the total value.
You could do this (entre as two separate rentals) if you plan to file separately always.
If you might go back and forth, you might report the rental on one return and claim all the income and expenses, including depreciation, then ALSO have an expense for that rental equal to half the profit.
On the other return, set-up a rental with ZERO asset balance and claim half the profit as income and no expenses, no depreciation.
You'll need to do something similar when the property is sold.
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